Revolut's $75B Dual Listing Could Signal London's Financial Comeback

Revolut, the London-based fintech company with 65 million global users, is considering a dual listing in London and New York, which could value the firm at $75 billion. If executed, the move would mark the first time a company simultaneously lists in New York and joins the FTSE 100 index, positioning Revolut among London’s 15 most valuable companies Revolut Weighs $75B Dual Listing in London and New York^[1]. The dual listing is seen as a potential catalyst for London’s financial sector, which has faced a prolonged IPO drought due to economic pressures and investor caution Revolut eyes $75B dual listing in London and New York — TFN^[2].

The decision reflects a shift in founder Nik Storonsky’s stance on London as an IPO venue. Previously, Storonsky criticized the UK’s 0.5% stamp duty on share trading as a barrier to investor appeal. However, recent regulatory changes now allow large firms like Revolut to be fast-tracked into the FTSE 100 within five days of listing, reducing the time required for index-tracking funds to participate in IPOs PRESS: Revolut weighs USD75 billion dual listing in New York, …^[3]. Storonsky recently reaffirmed his commitment to the UK, calling it “our home country” during the official opening of Revolut’s new Canary Wharf headquarters Revolut considers $75bn dual listing in London and New York^[4].

The UK government has actively supported the move, with Chancellor Rachel Reeves pledging to make Britain “the best place to do business.” A transatlantic task force established during President Trump’s state visit is also exploring ways to streamline cooperation between the two markets, potentially easing the path for dual listings Revolut weighs $75bn dual listing in New York and London^[5]. Revolut’s chairman, Martin Gilbert, attended the event, further underscoring the political and economic alignment behind the initiative.

Revolut’s current focus remains on secondary share sales, which have already valued the firm at $75 billion. However, the company is not rushing to proceed with a public offering. A critical prerequisite is the completion of its UK bank, which remains in a testing phase after receiving authorization from the Bank of England last year. Storonsky has prioritized the bank’s launch as essential to achieving his goal of reaching 100 million global customers Bithumb to List Falcon Finance (FF) - odaily.news^[6].

The dual listing, if finalized, would require a full IPO in both London and New York under City rules, rather than a secondary listing in the UK. This complexity highlights the strategic significance of the move, which would signal London’s ability to compete for global fintech leadership. For Revolut, it represents an opportunity to anchor its expansion in both financial hubs, reshaping the fintech landscape across the Atlantic Revolut is considering a dual listing in London and New York, with …^[7].